Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
A 67-year-old woman died after a suspected jump from Ting Kau Bridge early on Tuesday morning.
Finance & markets
Cocoa Prices Supported by Forecasts for Dry Weather in the Ivory Coast
December ICE NY cocoa (CCZ26) closed up +24 (+0.45%) on Monday, and December ICE London cocoa #7 (CAZ26) closed up +27 (+0.69%).
Should Investors Chase the AI-Fueled Rally in AMD or META Stock?
Advanced Micro Devices AMD) and Meta Platforms META) were two of Monday’s biggest mega-cap winners, with both stocks surging roughly 10% as enthusiasm around artificial intelligence returned in force.
Texas Gov. Abbott orders data center permit halt weeks after issuing moratorium
Texas Gov. Greg Abbott on Monday ordered the state's environmental regulator to halt all data center-related permits until the Electric Reliability Council of Texas completes an audit of the existing waitlist for data c…
OpenAI proposes development of global AI standards to guide alignment, RSI
OpenAI on Monday posted a set of proposals for safety and security in the development of frontier artificial intelligence with a heavy focus on alignment research and a computing technique known as recursive self-improv…
Investors discover their new favorite consumer AI play in Meta. Options volume is surging
Options traders are treating Meta like it's the next big thing for the consumer artificial intelligence trade. Trading volume was about 4.5 times the 30-day average in Meta options Monday, with almost $3.9 billion in to…
Trump, Xi seek trade stability and deals, but AI, tariffs and Iran loom large. What to watch
President Donald Trump and Chinese leader Xi Jinping's aims of bolstering trade stability and clinching economic wins could be scrambled by a roiling debate over artificial intelligence, as well as shifting U.S. tariffs…
Stocks and Bonds Climb as Slumping Crude Prices Ease Inflation Risks
The S&P 500 Index ($SPX) (SPY) is up by +0.93% today, the Dow Jones Industrial Average ($DOWI) (DIA) is up by +0.39%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.97%. December E-mini S&P futures (ESZ26) are up +1.00…
Eli Lilly CEO tells CNBC one-third of new GLP-1 pill patients are taking Foundayo, as drugmaker ramps up production
Eli Lilly CEO Dave Ricks told CNBC on Monday that one-third of new GLP-1 pill patients are taking the drugmaker's Foundayo, as the company tries to catch up to a lead in the space established by rival Novo.
Dollar Gains and Gold Falls on Hawkish Fed Comments
The dollar index (DXY00) on Friday rose by +0.27% and posted a fresh 2.75-month high. Hawkish comments on Friday from Kansas City Fed President Jeff Schmid, Dallas Fed President Lorie Logan, and Cleveland Fed President …
AMD hits $1 trillion market cap for the first time as stock rides 5-day rally
Advanced Micro Devices stock surged 9% on Monday, pushing shares to a record high and topping a $1 trillion market cap benchmark for the first time.
Much of Trump’s promised midterm election spending has yet to surface, new filing shows
President Donald Trump's flagship super PAC grew its $400 million-plus war chest again in August, even as Republican candidates press him to put more of it to work with six weeks to go before the 2026 midterm election.
Paramount and state AGs settle lawsuit, allowing Warner Bros. merger to proceed
Paramount Skydance's $110 billion merger with Warner Bros. Discovery will move forward as the company settled Monday with a group of state attorneys general that sought to block the deal on antitrust grounds.
Trump admin won't give AI leaders a 'liability shield,' Bessent tells CNBC
Artificial intelligence developers "need to take responsibility for themselves" instead of expecting the federal government to give them a "liability shield," Treasury Secretary Scott Bessent told CNBC on Monday.
Nasdaq’s AI Boom Is Expensive — But This Still Isn’t Dot-Com 2.0
One of the consistent themes of this newsletter is how the stock market is increasingly disconnected from underlying economic activity. In the Number Go Up Rule, I traced how we increasingly run everything to ensure tha…
Crude Prices Retreat on Hopes Middle East Energy Exports to Recover
October WTI crude oil (CLV26) closed down -1.61 (-1.58%) on Friday, and October RBOB gasoline (RBV26) closed up +0.0203 (+0.58%).
FAA halts flights to Newark, Philadelphia, New York because of equipment problem
An equipment outage on Monday delayed hundreds of flights bound for Newark, New Jersey, and Philadelphia and forced close to 70 planes to divert to other airports. As of 1 p.m. ET, the disruptions had spread to New York…
Meta’s stock is enjoying its best month in 13 years thanks to the company’s hot new AI assistant
4 Stocks to Buy Before They Bounce Back Plus, stocks we do and don’t like after earnings. David Sekera, CFA and Susan Dziubinski
‘She says it’s just money’: My friend pays for everything. I should be grateful, but I can’t stand her anymore.
‘She says it’s just money’: My friend pays for everything. I should be grateful, but I can’t stand her anymore. “On each of these weekends away, she’s probably spending $500.” Read at source
Trump to be sued by MS NOW, CNN, Politico to reverse White House ban
MS NOW, CNN and Politico sued President Donald Trump on Monday morning, seeking to reverse his total ban on those three media outlets from the White House.
Earnings Mean Reversion: When Estimates Snap Back
Consensus earnings estimates now sit close to 50% above trend, and that gap is exactly where an earnings mean reversion tends to begin.
Bitcoin hits highest level since January at $85,000, as the market debates whether the 'crypto winter' is over
Bitcoin rose above $85,000 on Monday as the cryptocurrency continued its sharp rally over the past few days.
Soybeans Face Risk Off Pressure into the Weekend, as Meal Leads the Way to the Downside
Soybeans were down 9 to 17 cents across the board on Friday, as November held on for a 7 cent gain for the week. The cmdtyView national average Cash Bean price was down 16 1/4 cents at $12.44 1/4. Soymeal futures were b…
White House TV pool won't cover Trump after press ban: CNN
The White House television press pool that covers events by President Donald Trump on a rotating basis will stop covering those events because of the White House's ban on CNN from acting as a member of that five-member …